Xpeng recent price surge - Macro and vehicle deliveries
$XPeng (XPEV.US)$ Delighted to see Xpeng go above USD14 due to Central Government’s “more proactive fiscal policy and step up "unconventional" counter-cyclical adjustments”, however, as always it lacks details as in the previous announcement by its central bank. We will have to wait till 2025 to see what they will do exactly to boost the economy especially its November CPI rose less than expected at 0.2% vs 0.5% expected. That’s the macro outlook part.
XPeng registered 7000 vehicles for the first full week of December. Is this a good news or bad news? Although it is lower than previous week’s 9400, it should still be able to meet the lower end of 87000 for Q4, needing 32,188 in December to meet it. Since XPeng had 7000 vehicles in 7 days, 31 days will yield 31000 and to include exports of 10%~15% more, it should hit the lower range of guidance. So at USD14.13, the price has actually valued in the macro outlook, prior to this announcement, price hovers betweem USD12-USD13+. I would expect XPeng to be in this range until macro outlook becomes clearer or new positive development from XPeng.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Value investing, looking at mid term returns. Interest mainly in Tech sectors.
30Followers
7Following
117Visitors
Follow